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02/13
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private sector expands and tax policies are positive, florida will do well, it is a zero income tax environment, and say in new york for example it is 14% i will see more migration of the "new yorker"s and entrepreneurs moving their business south, and bringing employees with them, and hiring, those markets i think will improve. liz: you know, i don't know, i have to say to myself, wait, are we in an air pocket in housing market. bond yields are rising, mortgage rates are tied to bond yields and they may be going up in the next year or so, should you grab it now. i'm saying interests could go up in next couple years. >> i think you are right, as the slow recovery continues, we'll see rates go up, but not for the next year or so, now, is the best time to be buying real estate, anyone who can, renters should look to buy right now. liz: another important piece of data that the viewer needs to know bpeople who are upside down in their moar mortgage, about 10.6 million in negative equilty. so, there is a big fear, people have been saying ts for years, they will flood into the market and cause housin
private sector expands and tax policies are positive, florida will do well, it is a zero income tax environment, and say in new york for example it is 14% i will see more migration of the "new yorker"s and entrepreneurs moving their business south, and bringing employees with them, and hiring, those markets i think will improve. liz: you know, i don't know, i have to say to myself, wait, are we in an air pocket in housing market. bond yields are rising, mortgage rates are tied to bond...
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that is a better pro-growth environment. the private sector will drive this growth and that is the key to making it more productive. melissa: you look in the same report, it says by 2023 our deficit is going to be or our debt will be $26 trillion. 26 trillion, 16 trillion. they're both like monopoly numbers that don't really exist in the real world. why should we care about that? >> historically when countries get above 90% of their economy size, 90% of gdp they're in the danger zone where they grow more slowly, they get into financial trouble. we're at 100% right now. $16 trillion economy. $16 trillion in debt. roll the clock 10 years from now, same thing, $26 trillion economy, 26 trillion in debt. what the cbo is saying we can do nothing and live the next 10 years in perpetual potential crisis and with bad growth. that's a very big price to pay. melissa: do you think that's one of the reasons we're seeing slow growth right now? >> i think there is no question about it. i think we benefit from being serious about this. quit
that is a better pro-growth environment. the private sector will drive this growth and that is the key to making it more productive. melissa: you look in the same report, it says by 2023 our deficit is going to be or our debt will be $26 trillion. 26 trillion, 16 trillion. they're both like monopoly numbers that don't really exist in the real world. why should we care about that? >> historically when countries get above 90% of their economy size, 90% of gdp they're in the danger zone...
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>> hey, charles, well, manhattan continues to be a safe haven environment for those who want to invest in real estate or buy a place here, to go shopping or hit the trendy restaurants or bars or a show. we're going to have a look for you the next hour of varney about two and a half million dollar apartment, what you get for that kind of money and who is buying these places? manhattan's real estate market is booming. it's a seller's market right now. what does it take? we're going to have the answers to all of that with you, charles, coming up at 10:30 on varney. charles: i can't wait. sometimes i stand in central park and look at the apartments, are there that many rich people out there? i can't wait, sandra, thanks a lot. >> exactly. charles: don't talk about home builders stocks not necessarily on varney, but they've been soaring in the past year, nicole, i know you've got one that's more than doubled. >> i thought you were going to say a manhattan the apartment not everyone is rich in manhattan. >> are you serious? >> yeah, i'm serious, come on, let's get to the stock and we've talk
>> hey, charles, well, manhattan continues to be a safe haven environment for those who want to invest in real estate or buy a place here, to go shopping or hit the trendy restaurants or bars or a show. we're going to have a look for you the next hour of varney about two and a half million dollar apartment, what you get for that kind of money and who is buying these places? manhattan's real estate market is booming. it's a seller's market right now. what does it take? we're going to have...
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just talking about the overall environment. macy's and target will be key beneficiaries of the housing recovery. of course, people start to go there to spruce up their homes. they have things that certainly go along with it. the wealth of fact, the transition of fact, these are some of the words that citigroup are using in their notes. back to you. ashley: businesses plan for how it should be done. next. tracy: billions of time and fuel waiting in traffic. trust me, i know. take a look at some of today's winners and losers on the nasdaq. we will be right back. ♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." officewith an online p
just talking about the overall environment. macy's and target will be key beneficiaries of the housing recovery. of course, people start to go there to spruce up their homes. they have things that certainly go along with it. the wealth of fact, the transition of fact, these are some of the words that citigroup are using in their notes. back to you. ashley: businesses plan for how it should be done. next. tracy: billions of time and fuel waiting in traffic. trust me, i know. take a look at some...
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there were retailers like macy's and we were talking about that earlier today, there certainly is that environment. the vix, fear index to the upside. we were down 125 points, selling across the board from sector to sector whether it is banks and jpmorgan and merck, you are seeing some across-the-board and transports too pulling back. i want to look at one dow component, some green here, despite the fact of these headlines are disconcerting, up 1/3% but the ntsb looking at a long road ahead for the boeing 787 investigation, looking closely into the batteries. and in japan, fooled the dreamliner until the end of the month and had so many issues. dennis: stocks are off to a slow start but i am not worried. our next guest says don't worry, the bull run is far from over. ldl financial chief market analyst joins us. thanks for being with us. the dow is down 123 today. >> the 14,000 level may be with us for a while. it took almost all year to break through to the upside. coming for a while. every bull market since world war 2 has ended at higher price-to-earnings multiple than we are right now, usually
there were retailers like macy's and we were talking about that earlier today, there certainly is that environment. the vix, fear index to the upside. we were down 125 points, selling across the board from sector to sector whether it is banks and jpmorgan and merck, you are seeing some across-the-board and transports too pulling back. i want to look at one dow component, some green here, despite the fact of these headlines are disconcerting, up 1/3% but the ntsb looking at a long road ahead for...
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Feb 12, 2013
02/13
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it is just a very different operating environment out there. it allows us to get the stores open more quickly and efficiently. cheryl: i am curious about demand. we think things are picking up. are you seeing better business? >> well, i think when i talk to my fellow ceos and presidents, we are seeing trends that are positive. i guess it is less worse. when i met with some of the industry economist, they are projecting a very flat year. they are worried that if some outside shot comes in, this economy could leg very quickly. this is a mixed bag deal. it is a very dicey deal. cheryl: i may steal that. thank you. appreciate it. good to have you on the show again. dennis: gasoline prices spiking to new highs for the day. we have a way you may profit on the pain. cheryl: ethanol producers out of business. as we go to break, take a look at oil. ♪ ( man ) legs up ! ( man ) legs up ? legs up, legs up, legs up ! red hot deal days are back. let nothing stop you. good job it's red hot deal days. get the nokia lumia 822 in red for free and discover all
it is just a very different operating environment out there. it allows us to get the stores open more quickly and efficiently. cheryl: i am curious about demand. we think things are picking up. are you seeing better business? >> well, i think when i talk to my fellow ceos and presidents, we are seeing trends that are positive. i guess it is less worse. when i met with some of the industry economist, they are projecting a very flat year. they are worried that if some outside shot comes in,...
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that's the environment we are in, erasing losses from yesterday. 130 points down yesterday, and today, gainedded 104. dennis: the worst day of the year so far. nicole, thank you very much, that was monday. the day of reckoning may be here for ratings companies. the u.s. justice department filing suit against s&p over its role in the mortgage crisis. >> to date, we've identified $5 billion in such losses resulting in cdos rated by s&p between march and october 2007. during this period, nearly every single mortgage backed cdo rated by s&p not only unperformed, but failed. cheryl: the smoking gun in this case may turn out to be an ill-advised parody of "burning down the house." court documents refer to an unidentified analyst performing an off beat panelist of the 80s hit while co-workers laugh and homeowners and investors lost billions. we are joined by the head of the financial services at goldberg, and this analyst, this is part of the lawsuit filed against s&p. these comments, "burning down the house" while homes were lost across this country. is that criminal activity? >> in and of
that's the environment we are in, erasing losses from yesterday. 130 points down yesterday, and today, gainedded 104. dennis: the worst day of the year so far. nicole, thank you very much, that was monday. the day of reckoning may be here for ratings companies. the u.s. justice department filing suit against s&p over its role in the mortgage crisis. >> to date, we've identified $5 billion in such losses resulting in cdos rated by s&p between march and october 2007. during this...
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Feb 12, 2013
02/13
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>> in a slow growth environment, people still have two put bandages on. they still have to brush their teeth and wash their hair. look at the results of consumer product companies that have been terrific. balance sheets, they have cash to buy back their securities, pay higher dividends, they have the flexible it is. those stocks trading 13 times earnings in europe 12 times earnings paying high dividends in the field is to be a multiple expansion. tracy: unfortunately we have to run, we will have to have you back to talk about those. thank you. ashley: all right, let's talk about one of the biggest parties on earth in full swing down in southern louisiana. mardi gras last day to celebrate before ash wednesday kicks off the season of sacrifice leading up to easter. also on the economic boost in new orleans. more than three week party attracts a million people to the big easy. new orleans 30,000 hotel rooms on 95% booked for mardi gras featuring 70 different parades. if you miss one, don't worry, another one coming around. this made to give new orleans econo
>> in a slow growth environment, people still have two put bandages on. they still have to brush their teeth and wash their hair. look at the results of consumer product companies that have been terrific. balance sheets, they have cash to buy back their securities, pay higher dividends, they have the flexible it is. those stocks trading 13 times earnings in europe 12 times earnings paying high dividends in the field is to be a multiple expansion. tracy: unfortunately we have to run, we...